BinaryMate Trading Platform Review
BinaryMate Broker Review
BinaryMate arrived to binary options trading industry in 2016, however, they already seem to be attracting a high level of customers’ attention and have received a lot very positive comments. BinaryMate’s innovative approach to trading and customer support is simply amazing.
They are dedicated to placing the trader first and have a transparent policy when it comes to displaying the facts regarding the trades completed by their customers. In fact, their welcome page proudly displays that BinaryMate have around 5 thousand and hundred accounts in their system and have monthly pay outs of $850.000. Perhaps more impressive is the fact that the average time for processing BinaryMate withdrawal request is just forty minutes.back to menu ↑
BinaryMate Broker Advantages
BinaryMate is a trendsetter as a binary options broker, providing more helpful features and tools than any other binary/cfd brokerage service on the market. Here are some of the top features currently available through BinaryMate:
Market Analysis Instruments
In trading in binary options, it is important to be able to recognize and take advantage of the trends happening in the marketplace. No matter what kinds of analytics you need to place trades that you can be confident in, BinaryMate offers the resources you want.
Open to Variety of Countries, Including USA
While BinaryMate is a great European binary options broker, it is also available for traders internationally, even in the US, and accepts payments in USD, RUB, GBP, and EUR.
BinaryMate has one of the best maximum return rates on the market today, offering 95% on successful trades.
Freedom Of Choice in Investment Value
Trades can be placed through the BinaryMate platform in as small of an increment as $1. Investments can also be made up to a value of $10,000 for a single trade with BinaryMate.
Trade Window Options
Traders who like a more fast-paced environment will love the 30-second trade windows available with BinaryMate, while traders who want to enjoy longer trade windows can set up trades to expire in a period of one year.
Whether you are looking to trade in currencies, commodities, indices, or stocks, BinaryMate is set up to serve your needs.
Free Demo Accounts for New Traders
When you first sign up to use BinaryMate, you can enjoy a complimentary binary options demo account, which can allow you to try out the platform using virtual funds and give you the opportunity to check out new binary options strategies and techniques in binary options trading.back to menu ↑
BinaryMate Broker Disadvantages
- They are a recently established broker and still need to polish their final product.
The platform and trading area look slick and uncomplicated. All the choices that traders need to make are simple to reach and easy to use. One of the attractions of binary options is the simplicity in comparison to other trading vehicles – and the trading platform ensures that is maintained here.
The price chart includes the expiry time, with a visual line on the chart, and a dashed line shows when a trade must be placed by. As a trade is placed, it is displayed on the chart, and the graph will update the position as the price changes. Any number of trades can be opened on the same chart.
The trading choices are along the top of the screen, and to the right. The underlying asset and expiry are set at the top of the screen, using simple drop down menus. The trade size is set in the top right of the trading area, and the trading buttons below. They are very clear, with the current strike price shown between them so a trader can see exactly the price they are trading at.back to menu ↑
How to Get Started
The minimum deposit for opening a trading account with Binary Mate is $250. This amount is entirely yours and you can withdraw it at any time. It is necessary in order for you to start trading. Additionally, if you start with a higher ranking account type, at least Bronze, you have access to a demo account. This shows that Binary Mate wants for its clients to gain experience, develop skills and achieve overall success.
There are binary options brokers who appear to offer a genuine service but are actually simply after your funds. Despite not yet being registered, BinaryMate does not fall into this category. Although there are areas of their site and service which can be improved, in general they are offering a solid service and a variety of tools to assist traders make the most of any trade. The theory behind their approach is simply to provide as much information as possible to every trader; this will encourage successful trades and attract other traders. Both of these factors will increase their customer base and improve the rate of return for everyone involved.
Currently it is possible to obtain a rate of return as high as ninety percent and there are also welcome incentives which can be as high as one hundred percent of your first funds. An account is easy to open but you will not be able to trade until you fund your account with at least $250 ( read more about BinaryMate minimum deposit ). You can add funds to your account in either US dollars or Euros, deposits and withdrawals can be completed by any major debit or credit card; including AMEX.
You can also use Neteller, Web Money, Bitcoin and even Qiwi; to name just some of the options. It is also reassuring to see that they do not charge for withdrawals; although it is possible that your payment provider may.
So far this broker has received positive reviews and with a good range of products it has the potential to grow much bigger.back to menu ↑
BinaryMate Trading Platform Features
The BinaryMate platform itself was built from the ground up with traders in mind. As a result, the software has been shown to contribute significantly to the success of the binary options traders that use it, as shown by a recent study that showed that investors using BinaryMate enjoyed success rates that were 30% higher than those using other competing software.
While there are a number of reasons to choose the BinaryMate platform, here are some of the most exciting ones:
Ability to Trade Manually or Automatically
With BinaryMate, traders are able to enjoy the best tools in automatic trades, setting parameters on the trades that the system makes, or simply make their trades manually, depending on their preferences.
No Delays Related To Trading
When you’re working with very short timeframes, the last thing that you want to worry about is a delay between the time that you make the trade and the time that it is actually placed through the system. While other systems can cause delays, BinaryMate’s exclusive software minimizes these delays, ensuring that your trade is placed in real-time as much as possible.
HIgh Security Standards
As one of the most highly rated binary options broker services in terms of security, BinaryMate offers its traders peace of mind when it comes to their funds.
Access from Any Device
Whether you are on vacation, on the road, or back at home, you can access your account with BinaryMate from any computer, any operating system, and any browser, making it easy to take advantage of changes in the marketplace wherever you may be.back to menu ↑
BinaryMate Got Live Video Chat Support!
Binary Mate is a binary options broker that belongs to a new generation of investment platforms. Its rise of popularity is mainly associated and due to two important features – a state-of-the-art modern trading platform and advanced video assistance support.
Most brokers offer the ability to contact them via telephone, live chat and email. BinaryMate has these options and provides an excellent response rate, with informative and knowledgeable assistants. However, BinaryMate is one of the first to integrate video assistance into their support service. You can contact a customer service assistant at any time and have the option to video chat publically, (where other users can join in the chat),or privately. This method of communication provides instant answers with the ease of a normal conversation. They are happy to provide assistance regarding how to trade as well as the more technical aspects of any trade. It is a feature which is sure to spread to other brokers.
There is also an extensive frequently asked questions area of their website which covers all the basic questions you may wish to get an answer to.back to menu ↑
BinaryMate Accounts and Bonuses
Traders who use BinaryMate for their binary options needs can benefit from bonuses that reach up to 100% for successful trades. Additionally, when you first sign up for services through BinaryMate, you can choose between a $250 sign-up bonus or can make your first three trades with no risk.
There are three types of accounts that you can use through BinaryMate. Each comes in at a different price tier and allows users to gain access to different tools and bonuses. These accounts include:
With a small minimum deposit of $250, traders can use the bronze account, which offers a 20% bonus on successful trades and basic educational support. This is a great choice for traders who are just learning about binary options and want to improve their trade skill.
With a higher minimum deposit of $1,000, traders can enjoy 50% bonuses on all successful trades, while also gaining access to master classes to enhance their knowledge of the market and the platform. Additionally, the first three trades placed with this type of account can be performed with no risk of loss.
For traders who are serious about their craft, the gold account might be the perfect choice. It has the highest minimum deposit at $3,000, but includes an exclusive Swiss card that can be used to withdraw funds from the trade account, 100% bonuses on successful trades, and an assigned client success manager who can provide trade advice and education on all of the tools and analytics available within the BinaryMate software.
Experts Advise: Whenever you are offered a welcoming bonus, make sure you have made yourself familiar with the broker’s conditions on accepting and making use of this bonus.back to menu ↑
Binary Mate Contests
There are regular contests where traders can compete with each other for prize pools that total $20,000. The terms and conditions of each contest can vary, but they are open to experienced traders and beginners alike. Some are decided based on number of trades, others on profit or particular assets. They are an interesting feature though, and popular among traders. At least 20 traders win in the contests each and every week.back to menu ↑
BinaryMate do offer a demo account, but traders will need to register and discuss a demo with an account manager. There can also be time restrictions on how long the demo account is available. While offering a demo account is obviously a plus, this is one area where the brand could be more customer focused and offer an unlimited demo in order to show their platform to a wider audience.back to menu ↑
Is Binary Mate a Scam?
The broker works on an innovative trading platform with lots of capabilities. Binary Mate itself offers a number of bonuses and has a lot of special features. Among them are:
- Super Quick Withdrawal Processing – just one hour is the time for processing a withdrawal request.
- Wide Range of Fund-Transfer Methods – you can deposit and withdraw in many ways, including debit and credit card. The structure is such that every trader can find the best way for them to transfer funds between their trading and personal bank accounts.
- Guidance from Professional Traders – from webinars to personal success managers, the different account types offered by Binary Mate include different types of professional support for your trading endeavors.
- Educational Center – Binary Mate is among those brokers which know how important knowledge is for success. That is why they provide traders with access to extensive educational materials. They are not among those scam brokers that prey on people’s lack of Experience.
- 24/7 Customer Support – the support team is excellent and there is also constant video live chat.
BinaryMate Review Summary
Binary Mate seems to be a fine choice for traders all over the world. They provide excellent support in multiple languages. They also have constant live support. The trading platform of Binary Mate is very intuitive and easy to use and navigate. If you are looking for a binary options broker, you should give this one a thought. In case of questions, you can always turn to their support team or check for information in their detailed FAQ section.
Binarymate offers a wide range of instruments to let you trade successfully, whether a new trader or experienced. Taking into account that their platform is compatible with automated trading software, accepts traders from various geographical locations including USA – this broker can be considered as on of the best choices.
BinaryMate broker offers some unique benefits, including guaranteed withdrawal processing in one hour, and live video support 24 hours a day. The broker offers different levels of account based on deposits and awards both bonus funds, and risk free trades at certain account levels – terms will apply.